Similar to the more common "friends with benefits" expression, but the participants engage only in "clothes-on" acts, e.g. light making out, cuddling, and extreme cuddling.
"Damn, man! You got Janine to agree to be friends with benefits?"

"Nah, dude. We're just friends with fits."
by O'Heineys Slang Police January 16, 2012

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